Mexico’s Elegant $20-peso Coins Begin to Replace the Notes
Mexico's elegant and distinctive 12-sided $20-peso coins are starting to supersede the old $20-peso banknotes that were printed on polymer
Your Money and Finances in Mexico
Articles about money, banking and personal finance matters in Mexico
Articles about money, banking and personal finance matters in Mexico
Torn Money: The Banknote Versus the Joker
In Mexico, merchants of all kinds tend to reject damaged banknotes, but you can exchange damaged notes at a bank if you have at least half of the note intact
Dealing with Counterfeit Mexican Banknotes
If you find yourself having to deal with a fake banknote in Mexico, options depend on the circumstances under which the fake note came into your possession
2024 Was a Year of Two Halves for the Mexican Peso
Mexico's peso started 2024 in fine spirits, but events during the summer brought pressure to bear on the currency, causing a 19% devaluation by year-end
Learning How to Navigate Mexico’s Tipping Culture
Tipping is woven into the fabric of Mexican trading culture and appropriate in many everyday situations. This article helps you get acquainted with them
Mexico’s Minimum Wage Increases by 12% in 2025
Mexico implements eight consecutive years of double-digit daily minimum wage rises with an increase of 12% for 2025—to $278.80 pesos per work day
El Aguinaldo: The Christmas Bonus in Mexico
Workers in Mexico look forward to their annual Christmas bonus payment, known as 'el Aguinaldo,' that is paid before December 20th each year
Mexico’s Peso: More Big Strides in ’23; Estimates for 2024
In 2023, Mexico's peso extended the solid gains it made in 2022, supported by interest rates, economic growth, exports, tourism, and remittances from abroad
Mexico’s Minimum Wage Increased by 20% for 2024
Mexico implements six consecutive years of double-digit daily minimum wage rises with another increase of 20% in 2024—to $248.93 pesos per work day
Mexico’s Peso: Stability & Gains in ’22; Estimates for 2023
Mexico's peso was stable and also posted a solid gain in 2022, supported by interest rates, exports, tourism, and foreign-currency remittances from abroad
Mexico’s Minimum Wage Increased by 20% for 2023
Mexico continues to follow a pattern of inflation-busting daily minimum wage rises with an increase of 20% for 2023—to $207.44 pesos per work day
The Peso’s Fairly Smooth Year in 2021 and Estimates for 2022
Mexico's peso was fairly stable against the US dollar in 2021, supported by prudent policy decisions and a recovering economy after a tumultuous 2020
